Extraordinary Popular Delusions and the Madness of Owners

Distinguished architecture R not us

110 Valley Road (the Greenwich Valley Road in Western Middle School district, not Central) has once again returned to the market —it fluctuates between a rental and and a residential sale offering — this time asking $5.449 million. The owner paid $4.265 when it was new in 2002, and has been trying to sell it since 2011, when he started at $6.295. It's not a terrible house, but when I saw it back seven years ago, it certainly didn't strike me as six-million dollar home and, since it didn't sell then, it's plain that the market didn't, either.

To my eye, nothing significant has changed since then, so I don't think this latest price will change anything. In fact, I'm not sure that even that $4.2 price would attract a buyer in today's market: were I shopping, I'd head over to Sherwood Farms and pick up a better house, for less.

Mind you, that's just one man's opinion, and it's entirely possible that some one will prefer this house over Sherwood because it's a mile closer to town. Never can tell.